Be sure your payroll software is up to date, because there is a rare change in the federal unemployment tax rate. The temporary .2% surtax that was put in place in 1976 was allowed to expire. This is very surprising in the wake of the budget shortfalls we are facing, particularly due to the unemployment insurance payments the government is making.
Regardless, businesses will appreciate any tax cut right now.
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IRS CIRCULAR 230 DISCLOSURE REQUIREMENT: IRS Circular 230 requires us to notify you that any tax advice contained in this communication is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding tax penalties that may be imposed by law.
IRS CIRCULAR 230 DISCLOSURE REQUIREMENT: IRS Circular 230 requires us to notify you that any tax advice contained in this communication is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding tax penalties that may be imposed by law.
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